India is stepping up to help its neighbor, Sri Lanka, by supplying liquefied natural gas (LNG), connecting electricity grids, and building a new petroleum pipeline. These major plans were announced by Indian Prime Minister Narendra Modi during a joint press event with Sri Lankan President Anura Kumara Dissanayake, who is visiting India for the first time since taking office.
The announcements come at a critical time for Sri Lanka. After years of economic struggles, including a debt default in 2022, the island nation is working hard to rebuild its economy. India has emerged as a key partner, providing vital support to help Sri Lanka recover.
What’s in the Deal?
LNG Supply for Power GenerationIndia’s state-owned company, Petronet LNG, has already signed a deal to supply natural gas to Sri Lanka for the next five years. The gas will be delivered through a terminal in Kochi, a city in southern India. This gas will help power Sri Lanka’s electricity plants, ensuring a stable ...
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